REGISTERED CHARrrY NUMBER: 1044726 Unaudlt•d Flnandal stat•M forthe Y•ar End•d 30th Jtsng 2022 THE WORSHIPFUL COMPANY OF FARRIERS CHARffABLE TRUST 1994 I Cropw Chartered Actountants LLP 65 Leadgnhall Street L(Thlon EC3A 2AD
THE WORSHIPFUL COMPANY OF FARRIERS. CHARITABLE TRUST 1994 Contents of the Financlal Statements for Ihe Year Ended 30th June 2022 Pag• R•port of the Trnstee 1 to 4 Independent Examlnerfs Report Statement of Flnan¢ial Actlvllles Balanc• Sh•at Notes to the Flnanclal Slatèmon 8 to 15 D•talled Statgmem rf Flnaneial Adivllles 16 to 17
THE WORSHIPFUL COMPANY OF FARRIERS. CHARITABLE TRUST 1994 Rep¢)rt of thtr Trust•• for the Year End¢d 30th June 2022 The Trustee presents the finatThl smements aFKI rem crf ts fanLY year en(led 30th June 2022. Tha Truste8 has adopted prows)n$ of ACcryjntw RepK)rting by Charities.. Statement of Recommended Practice apFdicable to tharibes preparing thoir accounts in accordance writh the Financial Reporting StarKlanl ap1¢abl9 In th8 UK and RepliC of IrelarMI (FRS 1021 (effectlve 1 January 2019). OBJECTNES AND ACTivrriES Objecllves and alms The charity'8 objects, as set in ils trust deed, are: 1. The training and educatlon of falerS and prospecuve fathers In th8 skill WKI perforniance of their cr8ft or prOf8sOn 8nd th8 promotion of wofid8nGy aNM)ng farriers. and thesr familieo. 3. The reh'ef of Suffering and distress of horse& 4. Other ch8rll8ble purpose8 85 the Tru8tee thi)ks f ACHIEVEMENT AND PERFORMANCE Charltablo a¢tlYltles The ChaTtty r8c&iv8s d¢Mations from Company members and other5 from a variety of sources. including the Circulati ofthe'chafitable Anv4' at Companyfunclw. Donations and boqug8ts ara also recgived from tlmo lo tlm9. Th• Charlty's k•y I1CIary l¥ Farrl•ry Examlnatlons Ltd). vthlch l• r•spDn•lbl• lor tho ov•rnlght ol all farrl•ry ox#mlnatloM In th• UK. The company's adivify i8 central lo the fvifilmenl of th8 Chaiity's objectives to the wellare of the ho through axcellent f8rriery. Thè Charfty akn makos smaller donation$ $$ noeessary in pursuit of the other obpdive of Ihe relief of poverty and suffetlng of tsryiers, apprenticè farrler8 and their immedlato family. In thi5 To08rd. tha Charity award6d wants ol £84.466 arKI supportad studènts through the Equine Vet Studles Award amcMJnliroJ lo £5.413. FINANCIAL REVIEW Flnanclal posilion and th• •ff•¢l of th• Covld.19 pandoffllc The Charity recorded an increasé in income from £60.744 to £81.354, reprosentlng InGreaFed Incom8 from donations. Expendllure a130 increased from £40,913 to £112,329, malnly because grants of £60,000 were made lo Fariiery Examlnations Ltd and grants of £10.000 lo Farr Craft & EdlIOn Lid in the year. The global Covid-19 pandemiG had an Knpacl on valuation of the investm#nt p1[01)$ last ye8r but the previously reported unreali5ed gains cm the investrnenl p110 have reversed as a re8Uti of matfret conditions following thè war In Ukraine and global ecor¥)mic uncertainty and there we losses of £149,045 compared to gains of £249,398 in the prior year. As a Trsutt, the cr• had a nel exptr)dth of£180,020 (2021.. nfrt income of £269.229). Total funds at the yearnd amounted to £1.962.868 ofwhK £374.068 is restri purposes and £1,568,800 unrestricted purposes. Thè Charity is well fijnded and *ps atAe to manage ts imm8diat• Impact of the cld-]9 pan(Jemi¢ on its activities. Page 1
THE WORSHIPFUL COMPANY OF FARRIERS. CHARITABLE TRUST IWJ4 Report of the Trustee for the Year Ended 30th Jun• 2022 FINANGIAL REVIEW Investment policy and objectives The Charity maintains a numtEr of investrrwt fijnds tn pursuit of its acii¥Tttes. The Charity has delegated discfetionary management of the investment t0110 to Rathbone Brothers plc. who manage thg investments in accordance with the invesknent strategy set by the Company. The Trustee's overam strategy is to invest preny and conservativety, beariro in mind the charifable aims set out above. The Tnjslee appoints an Investm Commrltee. chaired by Ihe HonoraryTreasurer. whith m8ets twice a year wlth a fund manager from Rathbone Brother5 F4¢ to discuss investment perfonnance and strategy. The Investment Commlttee reports tts actilieS to thè Court for approval. The Invèstmant Committee is made up of Liverymen who have surtable prolessional backgrounds to fulfil their duties. There are re8tricbons In Ihe trust deed on the tyFe of investrrent in which the Charity can invesL However, as a Th)mparalively sm811fund wiEh very limited inflows olnew moni8s. investrnent in quoted securities (equities. bonds and both open and close-end*l fijndsl is constdered by the Trustees to be the onty practical method of oblaining a balance betsveen current income, security of Gaprtal arKJ fvture growih. The fvnd is too small to invest directly in land or real property. Res•Tves policy The Charity to retain income in orrfer to safeguard tts fvture. The Trustee seeks lo maintain reserves a level that will ensure that tho income therefrom is sufficient to (x)ver one years average tolal expendlture. Both the E•val of ra#erves aThl the rewThes FK)Itcy are revOtrw&J on an annual basis. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The Worshipftjl Company of Farriers, charitab Tntst 1994 is an uninwrFwJrated tharity rfrjistered un(fer the ch8rib.es Act 1993. The rsgisterod nurr]ber 1044726. The charity is govemed by a trnst dated 14 December 1994. Do¢ision makFng The Trustee of Tha Worshipful Company of Fa[r5. Charrtable Trust 1994 is The Worshlpful Company of FarTiers. The Company's affairs are managed by a Court who meet four times a year to discuss matters relating to the Charitable TWSL An annual revlew of the Ch8ritabFe Trusts, op8rations. aims and objectrv8s is held at one of these meetings. the last being held on 24 June 2022. The Tnjstee has had due regard lo the Charity Com7iSgion's guidan on public benefft when planniry the Char[S actiwts"es. The officers of Ihe company meet as a Master & ward eommittoa on a regu18r basis arKI act as an executive committee. Their vLtr¥[t arg reported to. and appThied by. lh8 Court as ruIred. Court and Master & Wardens Meetings a chaired by Master. who is an appointed by tha Court 8nnually and serves a one-year term ofoffice. The Court reguLaTty aptM)ints rW Qjurt Assrstants to serve on the C(rt and wh). rf elected will. tin, progre&s to beCe Master. The current officers ofthe Crt are:. Mr J H Wilsher Lt Col M Houghton Mr M Russell Mrs H Clan MrJ Chilman MrPRWatts (Immediate Past Master} {PAasterl (Upper Warden) {Mt(klle Warden) (Renter Warden} (Honorary Treatsu) PaJe 2
THE WORSHIPFUL COMPANY OF FARRIERS. CHARITABLE TRUST 1994 Rept>rt of Ihe Tfustso for the Y•ar Ended 30th June 2022 STRUCTURE. GOVERNANCE AND MANAGEMEKr Rlsk management As part of Its overslght of the Charttable TntsL the CcMJrt of the Worshlpful Ccffipany of Farriers, as Corporate Trustee, considers that there are risks to tho Tru$l and has put into place pdicies and pradreS to mitigata thèm. Th8s8 risks are - 1. Falls Ihe value and ythl of quoted ats. Th& Chaiity r81i8s heavily on investment Incajme to maintain its arArvitss. Thereth, this rk is SKred to be signlknt The Investment Committee has a spèufic rolo in workin9 With Rathbono Brothers plc. to ensure that tha Company's shryl and long temi Ilnanclal requlrements are balanc8d effecuvety. R8thtry)ne Brothers plc. ar8 authorised to act on the Tru$tsé'8 bahatt for day to day Investment management purposes and are FCA- 8uthoris8d and sufyatt to FCA rulès on the treatment of dlent assets and cash. DetaiL8 of am IradifVJ actMIi9S are prowded to membw8 of tho Inv•stmant Committoa as thoy ocujr. As wo11 a$ mooting with the Invostrnent Committee. RathbL8 Brolhern, manager submils quarterly reFth3 aThJ hf.Ye8ty valuakns to the Truste8. The Trustee is ts)nscious of its res[Kmsility lo review the Managefs perfomian(2 al regular interv81s 8nd to eompare it ag8ing1 firms offerirva a simil#r to tharilieg. whth it does via Investment Committ88 on six monthty basis. Th8 Tnjstee consk1ers that tr tKAka8s wovkje as muL w01)n as on feasonabty be obtslned agalnsl falls in quolod asset valuos. either in th8 norn1 cour88 of thé martto18 or trworod by polrtiC81, 8tr81egic. or 8conomic clrcumslances entir¥ty beyond the Trust's contrcl or influence. 2. Fraud The rfsk of fraud b conslder8d lo b8 low. An tharft8bl8 d18bursgments by the Tnjsl requlre the consenl of the Master & Wardens Committee of the Court whith is Ils exec#Jt4ve ty. The Committee's declslons are recorded In wrlllng and $ubrnitted in a report to each quartgtly meeting of the Cwrale Trusteè. A full statement of the movament of funds durirvJ the quarter is also submitted. The Trust makes electronlc payments and orty pays by ctheque in 8xp110naTr ¢ircumstanLS. The Trusys Bookkeeper sets up payments as required u3ing the Bank's ordlrn payment system but is not able to authorl8e extern81 paymonts. Such authofisalion is prowd&J by of the three Trusl OffiuaL8 permitted to 8Uthorise 8uch tran88Ction$, the Honorary Tr•a#urér. Clèrk, and on8 other Court membw. In 9xceptnal clrcumstaneas. the Bookkeeper preparts a elw which requirgs tho $ign8turè of any of tho Trust Officials alx>vo forthose up to the value of £500, and tha slgnatwes ofany Iwo ofthe abov• for 8mcwnts 0rthat Sum. Thè Tru8V8 quoted invoslm•nls and lempNary cxsh balafi forming part of th8 invastrn8nt portfolio 8re manoged by a reputable firm apwnted by the TNsteo. Th• fimi is FCA-8Lrthoriged and subj8Ct to FCA rules on the treatment ofclient assets and cash. The Trust 15 suL4ect to independent examination and makes regular retums to the Chartty C(NnmisshJi. REFERENCE AND ADMINISTRATIVE DEfAIL8 R•glstered Charlty numb8r 1044726 Principal address 19 Queen Streèt Kings Lan9Y Hertfordshire D4 9BT Trust09 Tho Worshipful Company of Farriers
THE WORSHIPFUL COMPANY OF FARRIERS. CHARrrABLE TrUST 1994 Report of the Trustee for tho Yr End•d 30th June 2022 REFERENCE AND ADMINISTRATIVE DETAILS Indap•ndent Examinor Knox Croprer Chartered Accwntants LLP 65 Leadenhall Street London EC3A 2AD B•nk•rn Uoyds Bank PIC 39 Threadn8adle Stro81 London EC2R 8AU Invoglm•nl Advls•vs Ralhbone Brothers Pk 8 Fin8bury Circus London EC2M 7hZ Approved by ordw oflh8 Trusleg on 21¥ Septwnber 2022 ar¥J 8h3n8d on its b8haW by.. LtColMH Master of The Wornhipful Company of Fath8rn Py4
Indapendont Examlnerfs Report to the Tnte8 of The Worshlpful Company of Farrier5' Chafitabl8 Trust 1994 Independent examlnefs rewl to tho trusta• of Tho Worshipful Company of Farriers. Charitsbl8 TTUSt I report to tho charity trustee on my examinath)n of the accounts of The Worshipful Crxnpany of Farriers. Charilabte Trust 1934 (the Trusi) for the year eThJed 30th June 2022. Thts r8KMNt is mad& sdety to tho Trusteo. as a in danc6 the tomis of wagaM8nl Our work ha8 en undertaken so that we rrdghl cary out an Indep8ndent Examination of the finanoial stst?ments in a(Woar the General DIrectW5 given by the Charity commissnerS and for no other purpose. To Ihe fullest extent permitted by law, we do not 8p1 or 8&sume responsiblty lo anyone olher than the Trust and Trust's Trustee. as a our work. for thls repor( orfor the cylnlons we have fomied. Rgsponslbllltlos and basls of rgport lh& charity trustees of Ihe Trusl you are resptsible the preparali)n of tho ac(x)unts in )lan1% wilh the requirements of Ihe Charilias Act 2011 fthe ACVI. I report in respect of my 6x8minalion of Tnfs out under sectw 145 of the Act and in ¢orrylng out my examlnatlon I have folh)wed all applScable Dlrecflons given by the Chartty Commb8lon undèr 8oction 145{SMb) of the Act. Ind•p•nd•nt •xamlnaf8 itat•m•nt I have cornpleted my examination. l eonffirn) thal rK> matwial matters have oyn8 to my atterlion in connectlon with the examination gng me cause to belb8vo that in any malertal re¥•cL 8ecounting recd8 were not kept in Tegpect of Trust 88 wuwed by 8ectKJn 130 of the Ad; or the accounts do not accord with th¢)89 rgcords: or the accounts do not comply with the awlicable wuirem8nts conc8ming the fom aThJ nIent of acxounts 8et out in the Charities (Accounts and Rewt8} Regulatn$ 2008 other than any wuirgm8nt that the 8ccounl$ 98 8 In and lak vlew whlch 18 ncA a matter o)n8ldwed 88 Part of an Indgpendont examination. I hav6 no ¢oncwn$ end hev• come 8L¥Ots no other matters in Conredi with the ex8mkn8tion to which attenlton Should be drawn in I r¢F)rt in onl8r to onable a proper understanding of 8¢¢ounts lo be re8th9d. Greg Stevènson FCA Knox Croppgr Chartered Accountants LLP 65 Leadenhall Street London EC3A 2AD Pag8 S
THE WORSHIPFUL COMPANY OF FARRIERS. CHARrrABLE TRUST 1994 Statsment of Flnanclal Actlvities for the Year Endèd 30th Juno 2022 2022 Total funds 2021 UtrIcted R8SlrictI funds INCOME FROM Donations and legacies Notes funds 218 220 7,796 Investment income 52,948 Total n.041 9.313 81.354 60,744 EXPENDrruRE ON RaFsln9 funds Inve5trnent management costs 10.972 10,640 8.126 10.972 10.640 Charitabl8 athities Equine Vel Studtes Award Grant tnaking 5.413 150 5.413 95,944 95.794 3.218 27.055 Total 103.920 8.409 112.329 40,913 Net (k)ssesy gains on intments 58,379 149.045 249 398 NEf (EXPENDITUREII INCOME ANO NEr MOVEMENT IN FUNDS {122Y51 (57A75) (180.020) 269,229 RECONCILIATION OF FUNDS Totsl fvnds brought forward 1.711.345 431.543 2.142.888 1.873.659 TOTAL FUNDS CARRIEO FORWARD 1962.868 2.142 888 The noks form part of these finaal statements Page 6
THE WORSHIPFUL COMPANY OF FARRIER CHARITABLE TRUST 1994 Balance SI•t 30th June 2022 2022 2021 FIXED ASSErs Inveslments 10 1,929,104 2.088,748 CURRENT ASSETS Debtors Cash at bank 11 S49 39,798 551 60,690 40.347 61.241 CREDITORS Amounts falling due wlthln one year 12 (6.5831 17,101) NET CURRENT ASSETS TOTAL A&8ETS LESS GURRENT LIA81LITIES 1.962.868 2.142.888 NET ASSET3 2 142 888 FUNDS Unrestd¢led fund$ Restricted funds 14 1,588,800 1.711.345 TOTAL FUNDS 2 142 888 Thè ffftancial $tatomonts worg apyoved by Truslee aTrJ authcffised for issue on 2111 Seplgmbgr 2022 and war8 signad on its b8haW by: Ll Col M Houg Master of The Worshipful Crywy of Farr MrPRWatts Honorary Treasurer Page 7
THE WORSHIPFiIL COMPANY OF FARRIER CHARITABLE TrUST 1994 Notes to the Financial Statements for the Yèar Ended 30th June 2022 ACCOUNTING POLIGIES Basls of pr•paring financlal ¥lat••nents The lInaal ststements of the Gharity. is a pulAic b8n8fi1 entity under FRS 102, have been preparod in accordance with the Chart1 SORP IFRS 1021 'ActsJunling ar Reportlng by Charities". Statement ol Recommended Practice applutde to charrties preparing thoir acCnIS in accordonce wlth th8 Financial Reporting Siafmlard appltcablg in thg UK 8fKI Republic of Ireland {FRS 102) (effective 1 January 20191.. Financial RepIng Stsndard 102 Tr Flnano81 Reng Stsndatd appllcable In the UK and Republtc of Ir81and' and the CharFtias Aci 2011. Th8 finanoal slatements have be8n prepared under the hislortsl cost convention. with the excaplirm of investments whh are included at market value, as modtfigd by the revaluation of certain assets. The ac(nts (financial stst6mgnts) haw been wepar8d toglve a lrne and falrf vlew and have departed from the Chafitses {AccoJnts and Reports) Regulations 28 only io th8 extent requlred lo provide 'Iru8 and falr ¥. This departure has involved folknying Accounts'ng and ROpclng by Charitia$ preparing thelr accounls In 8rara wth the Finan¢UIl Rèporting St8ndard appllcable In th? UK and Republic of Ireland IFRS 102) K%sued in Otxober 2019 rathar than the Ac¢ountin9 and Reportlng by Chartties.. Stalernent of R8commend8d Pra¢tke effectN& from 1 April 2005 which ha6 Sin been Golng conc•rn The TNsle8 considers that there are Th) material uncertainligs the Chartlys ability lo continue as a going concem. The mst $igniftsnl areas of uncertainty Ihal affect carrylng value of assets held by the Charity are th81ovel of investment r8lum the performance of investmgnt markets (see the Tru8ts0'5 rgport for mor• InfmiJn). InGome All Income18 recognisod in Ihg Statomenl of Flnancial Activiti08 once the charfty has entillemenl to the funds, It18 probable that the wlll be recefved, aThJ the amount can be m88sured reliably. EXpondIr? Llabilities are recognised as exp8ndiiurg as soon as1 is a legal orconJtrLKtive obllgatlon commlttlng thè charity to Ihat axp8ndiluro. it 18 probabl• that a trOler of rK)rnIc bgnefits will be required in sedement and the amount of the oblMJath)n can be moasurgd reliabty. EKpendtture is acnIed for on an 8ccnJals basis and has been dgssrfied under headlngs thal aggregate al cost related tr) the categw. Whefe sts cannot be directy attdbuled lo partI1#f headings. they have boen all(Kated to activities on a basis nsIstenI whh the use of re8Our$. Grants offer¢d 8ubj.ecl lo condibons whith rvJt baen nw at the yparryend date are rted as a commitm•nt but not a¢(¥wl as exwndliwè. Taxatlon The charty is exempt fr• tax on Its th8ril8b •thlts. Fund acGounllng Unrestricled lunds can be used a(tsrdancè wfth thg charlbkI Obj¥0& at tho diacrotK)n of ¢hE trustees. Restricted furKls can onty be used for par&r r88tricted wrrKsse$ within tha objects of th& charlty. Further explanatth of the nare aThJ purtKw ol each is indudad in thè not98 to the finan¢tal 5tstements. Page 8 continued...
THE WORSHIPFUL COMPANY OF FARRIERS. CHARITABLE TRUST 1994 Not0• to thg Flnandal Stal•ments. con¢inued for the Y•ar Ended 30th June 2022 ACCOUNTING POLICIES - ¢ontinued Invgstment8 Investments are a frym of b881c Ilnan(aal Ir78 arKI initlalty rocwtsed at their transact4on vatug and subsequenY measured at fair value as at th6 balance sheet dale using the closlng quoled market price. The statement of finala1 a¢ts¥itses Inch th& n8t gains and losses 8ri8ing on rev81uatiorts and disposals throhOUl tho yaar. R88lised gains and k>8ses on investments are catculated as the difference between 58les proceeds and thelr opening canyiro value or their purchase value rf acquired 8ft8r the first day of the finanaal yèar. UnrealL%l gains 8ThJ10sses 8re cAlated as the differe bgiween thè fatr value at the year er and th8ir carrying value. DONATIONS AND LEGACIES 2022 2021 Anvil CoKKtk)ns Oonations Legacies Glft aid 4163 6.980 10,000 6,265 22,877 7,796 INVESTMENT INCOlJlE 2022 2021 DlvkJend$ 8fKI fixed Intwo8t INVESTMENT MANAGEMENT COSTS 2022 2021 Portfolio management 10.640 HARrrABLE ACTivmES COSTS Grant funding of athrtsas {3ee note Support Costs (see ncrte 7} Direct 61 Totals Equine Vel st11•$ Award Granl rnakiThJ 5A13 150 5A13 11.328 101.357 Page 9 continued...
THE WORSHIPFUL COMPANY OF FARRIERS. CHARABLE TRusf 1994 Notes to the Financial Stalemonts- contlnu¢d for the Year Ended 3¢Jth Jun8 2022 GRANTS PAYABLE 2022 2021 Grant making 84.466 18.230 Donationg w•r8 to the Ickn.ng: 2022 2021 FaIrry Examinatktn3 Ltd Farriery Craft & Education Ltd UkrBine Appeal St Martln In the Flelds S(*ool Glrls Flrsl Nursirtg Yeomanry (PRVCI Drapers. Company- LNery Krtchen Initiabve Othèr institutk)ns l< £1.000) 60.000 10.000 2.000 1,500 300 8.100 1.300 1,000 4.930 Paym8nl8 to needy f8rriars Donatlons to indNdual8 79.180 4,466 15,330 500 400 £16 230 SUPPORT C08TS Gov8manco Grarf making Support CO8t8, inr1 In the atove. ag fdlNs: 2021 Total aclNiti08 Grant makirwJ Clerk's salary Bank charges Ttee Iralnlng Insurance Accountancy and legal I# Indondt Examlnation Q512 140 110 576 1,800 6.399 11x1 566 1.750 11.328 Page 10 continued...
THE WORSHIPFUL COMPANY OF FARRIERS. CHARITABLE TRUST 1994 Notes to the Financial Slat•ments- continu•d for the Year Endgd 30th Jun• 2022 TRUSTEE'S REMUNERATION AND BENEFITS The TnJste&, The Worshiplul Coryany of Fanlers. was reimimj fw Ihe seThKes of ts Clert( amounting to £6,512 (2021.. £6.399}. Tru8ts•'8 •xp•nu• There were no tru31ees' expenses pald fDr the year eThJed 3Llh June 2022 nor for th8 year ended 30th June 2021. COMPARATIVES FOR ThE STATEMEPIT OF FINANCIAL ACTivmES- 2021 Unrestrkted ReSti*d funds fijnds funds INCOklE FROM Donatbns and1898clos 7.796 InveJlmenl inGcffie 44,721 8.227 52.948 Total 52.517 8,227 60.744 EXPENDITURE ON Ral8lng funds Invostmenl managemert costs 7.786 10.640 CrItabl0 a¢llvllS Equln8 Vet Studies Award Granl maklng 3.218 400 3.218 27,055 26,655 Total 34.441 6.472 40.913 N¢1 98Sn¥lllos#es> on Inv•strnMts NET INCOMEIIEXPENDITUREI 194.743 74,486 269.229 RECONCILIATION OF FUNDS Tot•1 funds IKought forward 1.516.802 357.057 1.873,659 TOTAL FUNDS CARRIED FORWARD 431,543 2,142,888 Page 11 conlinued...
THE WORSHIPFUL COMPANY OF FARRIERS. CHARITABLE TRUST 1994 Notes to the Financial Statements- ntInUed for th• Y*ar Ende(130th June 2022 10. FIXED ASSET INVESTMENTS Listed invè&tmènts MARK VALUE At 1st July 2021 Additions tmsposals Revaluatictrns Movemant Cash 2.088,748 36.316 rii.143) 1149.045) At 30th June 2022 1929 104 NEf BOOK VALUE At 301h Junfr 2022 1929 104 AI 30th June 2021 2 088,748 There wer8 no inv8slmenl assèts outs¥Jg th• UK. IncaKlod kn thg Net Bk Valuè 1$ eash held pandlng inv68lmonl of É90.366 {2021: £68.138). 11. DE8TOR8: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2022 2021 Worshlpful Company of Farrf•r8 Gift aid 8TrJ tax recoverable 100 449 551 549 S51 12. CREDrroR3: AMOUNT8 FALUNG DUE iyrrHIN ONE YEAR 2022 2021 Olher creditors 11 ANALYSIS OF NET ASSETS BEfwEEN FUNDS 2022 Total funds 2021 Total funds fvTrJs funds Investments Curr&nt assets Current liabilibes 1,611.941 117.214) 317,163 57,$61 1.929,104 40,347 2,088,748 61,241 068 1962 868 2 142 888 Page 12 conllnu8d...
THE WORSHIPFUL COIIJPANY OF FARRIERS. CHARITABLE TRUST 1994 N¢>t•8 to tho Finan¢lal Statgm•nts - ¢ontlnuod for th• Y•ar Ended 30th Jun¢ 2022 14. MOVEMEKf IN FUNDS N8t movement in funds At 1.7.21 30.6.22 Unrestrlct•d fund• General ftjnd Anvll Fund 1.711.345 (122,545) 1.588.800 1,711.345 (122,5451 1.588.8(M) Rostrfctod funds Oliv•r Award Fund Desort Orchid General Fund De88rt Orchbd Apprenticeship FuThJ D898rt Orehid Intomotional In8tltut8 of Farriary 13.977 175,401 160.620 193 {21,946 125,2711 14,170 153,455 135,349 431 543 374 ¢)68 57 75 TOTAL FUNDS 180,020 1962 808 Nel movement In lunds, knclud&J In the above are as folowa.. Incomlng R68trJr Gokns ard Movemènt 10s•98 In fvrKI¥ Unr•strlct•d funds General fvnd AJ)vil Fund 72,041 (103,920} 190,8661 1122,545) 72.041 1103.920) (90.6861 (122,545> R•$trlGt•d fund• Oliver Award Fund D8sert Orchid General Fund Desert Orchid ApprentThship Fund Desert Or¢hKI Intwnaknal lrntitul• of F8fftery 552 (1501 (1.195} 16,495) {209) 124A31) {22.105 193 (21.9461 (25.271) TOTAL FUNDS 149 81354 180020) Page 13 continued...
THE WORSHIPFUL COMPANY OF FARRIERS. CHARITABLE TRUST 1994 Notes to the Financial Statements - rtInUed for the Year Ended 30th June 2022 1& MOVEMENT IN FUNDS- continu•d Comparativ•s for mov•m•nt In fund• Net At 30.6.21 At 1.7.20 in lund8 Unrostrlct•d funds General fund Anvll Fund 1,S16.602 1¥743 1,711,348 R••trlct•d fund• Olfver Award Fund Desert Orchkl General Fund Desert OrchKI ApprentiC8ship Fund Oesert OrthKI Intematk%BI Institute of Farriery 1,516,602 194,743 1,711.345 11.119 143.966 134.648 2.858 31.435 25.972 13.977 175.401 180.620 14.221 74.486 TOTAL FU140S 1873 659 2 142 888 Net movement tti furxl8, irKludod in the above we as Incoming Resources Gains and Movemènl In funds UnMtrlct•d funds General fvnd Anvll FurKI 51.511 (33.4351 176.667 194,743 SI517 Restrlcted funds Ollver Award Fund Desert Orchid General Fund Desert Orchid ApprenlKeshlp Fund Desert Orthld Intemational Instite of Farrlery (34841) 1N607 194,743 1400) 11,199) 14,3311 1736 29,398 27,298 2,858 31,435 25,972 3,236 3,1)OS 13 74.488 TOTAL FUNDS Page 14 continued...
THE WORSHIPFUL COMPANY OF FARRIERS. CHARITABLE TRUST 1994 Notos lo tho Flnancial Slatem¢nis- Gontinued for the Y8ar Ended 30th June 2022 14. MOVEMENT IN FUNDS - contlnued The Anvil Fund Is a deslgnated furHI us&Jto receive collecuongfrom LNoTen through"The Charitablo Anvil" and other mIn0rdatiOnS to t used for general chariiable purFK)ses Permitted by the lrnst dfjed. Th6 Oliv•r Award was 06tablIstd to wovlde sifver medak to farylers vtho aLle the ha80date8hip award with hertKr5. The Desert Orchld Fur#Js were establtshed to promde luThJs for craft. training. hw3her educatM)n, and the Inlematlonal Institute of Faryiery. 15. RELATED PARTh DISCL03URE8 The charrty donated £60.( {2021'. £nil) to Farrty Examlnauons Lhntted and £10.00012021'. £nill to Farriery Craft & Education Ltd. both cwpanw limited by guarantee of whtch the Truste8 Is the sole guaTanlor. In addltion to the tranSIlDn5 noted in Note 8, the ¢harity was rerknrged £576 12021.. £566) by The Worshipful Company of Far15 for tts share of the Insurance tThnlum. At the Yearnd £11)) was duo from the Trustse from the Charity12021.. £566 due lo the Trustee). 18. COMPARATWE ANALYSIS OF NEf ASSETS BEfwEEN FUNDS 2021 Tot ffijnds Unrestrlcted Restrfcted fuThls funds Inveslments Cuffenl assets Currnnt Ikblltdes 1.710,26B 7N30 378,480 53.811 2.088.748 61.241 1711345 2 142 888 Page 15 continued...